Digital identity startup Passbase, which offers SDKs for running remote identity checks, has raised $10 million in Series A funding as it dials up attention on crypto compliance — touting tools to help fintechs with rapidly evolving regulatory requirements.
The funding is led by Costanoa Ventures, with participation from Lakestar, Eniac Ventures, Cowboy Ventures and Seedcamp.
It follows an unannounced $3.5 million seed round — which almost doubled the $3.6 million in seed funding that Passbase raised back in 2019. So the 2018-founded startup’s total raised to date is around $17.7 million.
The digital identity space is a crowded one, but on the crypto compliance front Passbase is keen to point back to early experience and claim it as a differentiator — the team having started out building a cryptocur …
